We’ve Got A Certificate of Deposit That’s Right For You

Our Certificates of Deposits offer guaranteed yields, flexibility, and the safety of FDIC insurance. That’s because you lock in a high yield that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.

Your investment is safe because Bank of Lincoln County CDs are backed by the Federal Deposit Insurance Corporation for up to $250,000 per individual – making them as safe as any investment in the world.

We offer Certificates of Deposit in a broad range of maturities, each designed with a particular goal in mind. And, for as little as $1,000.00, you can open your own CD. To help you decide which CD will best meet your needs, take our One-Minute Certificate of Deposit Test. Then request a CD quote from one of our Customer Services Representatives today at (931) 433-1708.

Short-Term CDs. Short term savings certificates, usually up to 3 months, offer you the fastest, readiest access to your money.

Secure Your Future With An Individual Retirement Account

Is an IRA Right For You? Take our Bank of Lincoln County One-Minute IRA Test and find out. Then call one of our customer service representatives today at (931) 433-1708 .

You might also be able to save on your present taxes with an Individual Retirement Account, by deducting your qualified contributions from your taxable income. Many Americans can deduct all or part of their IRA contributions from current income taxes. The deductible amount depends on your income, marital status and whether you’re an active participant in an employer sponsored plan as defined by the Internal Revenue Service.

With an Individual Retirement Account, you may also be able defer taxes until you retire when you will probably be in a lower tax bracket. The chart below shows you how much you may be able save each year. You may want to consult your tax adviser to review the tax deductible status of an IRA. Regardless of the amount you’ll be able to save now on taxes, an IRA is a smart way for you to save for a secure retirement.

IRA Deductible

15%

28%

31%

36%

39.60%

Contribution

Tax

Tax

Tax

Tax

Tax

Amount

Bracket

Bracket

Bracket

Bracket

Bracket

Savings

Savings

Savings

Savings

Savings

$500

$75

$140

$155

$180

$198

$1,000

$150

$280

$310

$360

$396

$2,000

$300

$560

$620

$720

$792

$2,250

$337

$630

$697

$810

$891

$4,000

$600

$1,120

$1,240

$1,440

$1,584

If You’re Changing Employers, An IRA Rollover Makes Sense. If you are retiring or changing jobs and anticipate withdrawing money from your employer’s retirement plan, you can avoid withdrawal penalties by transferring your assets into an IRA or another qualified plan. You can ask your employer to arrange for a “direct rollover” of your money into a new IRA account with us, or you can do it yourself with an IRA-to-IRA rollover.

You must complete the rollover within 60 days from the date you receive the assets from your old IRA in order to qualify and not pay the mandatory 20% withholding and possibly other penalties as well. For more information about IRA Rollovers or opening a new IRA just give us a call at (931) 433-1708.